According to the CME "Fed Watch", the probability that the Fed will maintain current interest rates unchanged in December is 17.5%, and the probability of a cumulative 25 basis point cut is 82.5%. The probability of maintaining current interest rates unchanged in January next year is 11.9%, the probability of a cumulative 25 basis point cut is 61.7%, and the probability of a cumulative 50 basis point cut is 26.5%.